A new development from the FLOKI team has caused a significant stir in the market. The project’s lead developer, B, stated in an interview that the Floki developers are planning to offer users a regulated digital banking account that can be funded using (FLOKI) tokens in currencies like the dollar, euro, and pound sterling.
Comments and Developments on Floki (FLOKI)
The lead developer announced that this development is part of a broader plan to provide users with crypto-based financial applications, including bank cards and staking services, which has marked the past 30 days for the dog-themed meme coin.
B shared the following message in a Telegram message:
We will introduce Floki-backed bank accounts in partnership with a fintech company. These accounts will be facilitated through a key partner licensed in four major jurisdictions: Canada, Spain, Dominica, Australia, and the UAE.
B added that users will be able to create digital bank accounts and obtain associated bank cards. Payments will be supported using the SWIFT international banking network and SEPA IBANs, enabling users to conduct transactions and transfers worldwide.
Additionally, it was announced that the bank cards will support both VISA and Mastercard payment networks. The cards will be in partnership with a Swiss-based company regulated under the Swiss Financial Market Supervisory Authority (FINMA), one of the country’s top regulatory bodies.
What is the Current Price of Floki (FLOKI)?
As of the time of these announcements, FLOKI tokens have experienced a 6.7% decrease in the last 24 hours, with the price dropping to $0.0002143. This price drop occurred faster than the rest of the market, with the average decrease for the top 20 tokens being around 3.5%.
In the past 7 days, Floki (FLOKI) also saw a 17% decrease. However, looking at the past 30 days, FLOKI experienced a 561% increase, outperforming nearly the entire market.
Following the 6% decrease, FLOKI’s market capitalization fell to $2 billion, while the 24-hour trading volume dropped by 35% to $786 million.
